RE: RE: RE: RE: very ,very good news from NAU and. On the other hand, if they do get financing and let's say that the $250 million equity offering is around current share price level (.15 CAD), they will issue close to 1.6 billion shares. Add it to the current o/s, you get a total of approx 2.2 billion shares. That done, the company is now fully financed. Let's look at the market cap before the announcement, it was $650 million.
Based on that, the share price in this scenario will be fairly priced @ .31 CAD per share. (650 million / 2.1 billion).
This is still way undervalued at this level !!!
JMHO.